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Jacobs reports 37% jump in Q1 operating profit

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Demand for mining services remains strong; strategic acquisitions planned

27-Jan-12  Engineering giant, Jacobs, has reported an 8.3% increase in revenue and a 37% growth in operating profit during the first quarter (Q1) of the current financial year, compared to Q1 of the previous year. Revenue for the period Oct-Dec 2011 totalled $2.6 billion, while operating project was $142.0 million. Jacobs has described the results as “solid” and has indicated its intention to use some of its cash reserves to fund...

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